📊 Technical Analysis of Toncoin (TON) – May 6, 2025
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🔍 Market Summary
Current Price: $3.03 USD
Daily Change: +1.14%
Market Capitalization: $7.54 billion
24h Volume: $96.47 million
Overall Trend: Consolidation with bullish bias
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📈 Key Technical Indicators
1. RSI (Relative Strength Index):
Current Value: 50.10
Interpretation: The RSI at 50.10 indicates neutral conditions, suggesting that the asset is neither overbought nor oversold.
2. MACD (Moving Average Convergence/Divergence):
Current Value: -0.003
Interpretation: The slightly negative MACD suggests a possible consolidation before a significant movement.
3. Moving Averages (EMA):
50-day EMA: $3.29 USD
200-day EMA: $4.23 USD
Interpretation: The current price is below both EMAs, indicating a long-term bearish trend, but a possible short-term recovery.
4. Support and Resistance Levels:
Supports: $2.83 / $2.50 / $1.95
Resistances: $3.92 / $4.26 / $4.80
Interpretation: These levels represent areas where the price has shown significant reactions in the past.
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🔮 Short and Medium-Term Outlook
Strong Support: $2.80 – $3.00 USD
Key Resistances: $3.50 – $3.70 USD
Projection for May 2025: Estimated average price of $6.08 USD, with a maximum potential of $10.22 USD.
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📌 Conclusion
Toncoin shows mixed technical signals, with indicators supporting a possible continuation of the bullish trend. Attention is focused on the resistance at $3.50 USD; a sustained breakout above this level could open the door to new highs. Investors and traders are advised to stay alert to market movements and adjust their strategies accordingly.